Buy Tatva Chintan Pharma Chem, target price Rs 2730: ICICI Securities

ICICI Securities has buy call on Tatva Chintan Pharma Chem with a target price of Rs 2730. The current market price of Tatva Chintan Pharma Chem is Rs 2253.65. Time period given by analyst is one year when Tatva Chintan Pharma Chem Ltd. price can reach defined target.

Tatva Chintan Pharma Chem Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 5047.54 Crore) operating in General sector.

Tatva Chintan Pharma Chem Ltd. key Products/Revenue Segments include Speciality Chemicals, Other Operating Revenue, Scrap and Duty Drawback for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 90.23 Crore, down -8.75 % from last quarter Total Income of Rs 98.88 Crore and down -17.82 % from last year same quarter Total Income of Rs 109.80 Crore. Company reported net profit after tax of Rs 9.80 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 79.17 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.53 per cent, DIIs 10.76 per cent.